Form 4: Procter & Gamble Executive Gary A. Coombe Reports Stock Award

Gary A. Coombe, CEO Grooming at Procter & Gamble, reports acquisition of 22,377 shares of common stock as part of a stock award.

Summary

• Gary A. Coombe, CEO Grooming at Procter & Gamble, filed a Form 4 on August 20, 2024, reporting changes in beneficial ownership of Procter & Gamble Co [PG] stock.
• On August 19, 2024, Coombe acquired 22,377 shares of common stock through a stock award under the company's 2019 Stock and Incentive Compensation Plan.
• The acquisition price was $0 per share.
• Following the transaction, Coombe directly owns 59,292.9937 shares of common stock.
• Coombe also indirectly owns 462.4972 shares through a retirement plan trustee and 1,295.35 shares through an international stock ownership plan & pension plan (Switzerland).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The stock award indicates the company's commitment to incentivizing and rewarding its executives.
• The increase in Coombe's share ownership aligns his interests with those of the shareholders.

Industry Context

Executive stock awards are a common practice in publicly traded companies to align management's interests with those of shareholders and incentivize performance.

Comparison to Industry Standards

• Stock awards are a typical component of executive compensation packages in large, publicly traded companies like Procter & Gamble.
• Companies such as Unilever, Nestle, and Johnson & Johnson also utilize stock awards as part of their executive compensation plans.

Stakeholder Impact

• The stock award aligns the executive's interests with those of the shareholders, potentially leading to better company performance.
• The award does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates